Joel Naroff Quotes

But if inflation does keep moving higher -- and right now, that is a real possibility -- the (Fed) is quite prepared to keep raising rates.

- Joel Naroff

Tags

Inflation | Moving | Higher | Real | Possibility |

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Now gasoline prices are breaking $3 a gallon. If we stay here or go higher in the fall, that would begin to put the holiday shopping season at risk. - Joel Naroff

Manufacturing has been solid and continues to be so. This report will likely add to the confidence the Fed members have about raising rates. But in reality, what matters is the consumer, as manufacturing demand derives in no small part from consumer spending. That is still an issue. - Joel Naroff

While wages didn't rise exceedingly rapidly, the low (jobless) rate is a warning that labor costs are probably going to increase further. - Joel Naroff